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TheStreet Open House

Timberland Bancorp EPS Increases 40% To $0.21 For First Fiscal Quarter

Timberland's mortgage-backed securities ("MBS") and other investments decreased by $405,000 during the quarter to $7.9 million at December 31, 2012 from $8.3 million at September 30, 2012, primarily due to prepayments and scheduled amortization. During the quarter ended December 31, 2012, other-than-temporary-impairment ("OTTI") credit related write-downs and realized losses of $10,000 were recorded on private label MBS. At December 31, 2012 the Bank's remaining private label MBS portfolio had been reduced to $2.7 million from an original acquired balance of $15.3 million.

             
DEPOSIT BREAKDOWN            
($ in thousands)            
  December 31, 2012 September 30, 2012 December 31, 2011
  Amount Percent Amount Percent Amount Percent
Non-interest bearing $78,425 13% $75,296 13% $61,178 10%
N.O.W. checking 152,431 26 150,139 25 156,799 27
Savings 87,628 15 87,493 15 85,335 15
Money market 79,142 13 79,549 13 66,266 11
Certificates of deposit under $100 123,510 21 127,909 21 136,859 23
Certificates of deposit $100 and over 73,263 12 77,540 13 82,738 14
Certificates of deposit – brokered --  -- --  -- --  --
Total deposits $594,399 100% $597,926 100% $589,175 100%

Total deposits decreased $3.5 million, or 1% to $594.4 million at December 31, 2012, from $597.9 million at September 30, 2012 primarily as a result of an $8.7 million decrease in certificates of deposit account balances and a $407,000 decrease in money market account balances. These decreases were partially offset by increases of $3.1 million in non-interest bearing account balances and $2.3 million in N.O.W. checking account balances.

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